Skype Ices Execs To Avoid Payouts
Ah, Skype is learning from Microsoft already. The company, based in one of the smallest countries in the world (Luxembourg), reportedly axed a bunch of executives this week.
Why? Because by doing so, Skype can get rid of these folks before its buyout deal with Microsoft closes and therefore avoid paying the execs money they might have received in stock options after the deal closed.
All of this makes us at RCPU think that if we ever do leave to go to a startup (not likely, by the way), we're going to ask for compensation in bags of cash with unmarked bills. Any other form of payment just seems too risky.
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Posted by Lee Pender on June 21, 2011